Hardika Shah elected as Ashoka Fellow 2014

Hardika Shah

Hardika Shah elected as Ashoka Fellow 2014 –

By financing the supply chain and mitigating risks in new ways, Hardika is creating new architecture to lend to the millions of small and medium enterprises without collaterals or credit history.

She is providing enterprises with the critical support that has a huge multiplier effect of moving them up the value chain and to attain full economic citizenship. The debt gap for micro and small enterprises in India is about $198 billion, growing at 11% per year. Falling in between large businesses and individuals, these enterprises are neither serviced by traditional banks nor by microfinance institutions due to the perceived risk and lack of collaterals. Continue reading…